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5 votes
_____________ means ensuring that an annuity addresses a prospective owner's needs and financial objectives at the time of the sale.

1 Answer

6 votes

Answer:

suitability

Step-by-step explanation:

Suitability can be described as "the consistency of getting the assets which are correct for a particular purpose or circumstance." It is a broad concept, but the word suitability maintains a somewhat particular meaning when extended to protection, savings, and annuity service recommendations, a meaning which is rapidly changing.Such requirements of suitability are broadly applicable to insurance agents offering non-securities insurance as well as annuity plans.

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